Stellantis inks €10B in deals to secure chip supply for EVs

Jul19
by on July 19, 2023 at 10:23 am
Posted In: Uncategorized


Today’s cars, especially EVs, rely on hundreds of different types of microchips to function. But supply chain shortages of semiconductors during the pandemic forced many automakers to cut down production of certain models, sounding a clear warning to the industry — securing a long-term supply of chips is a matter of business survival.  Stellantis, the world’s third largest automaker, has inked contracts worth  €10bn through 2030 with leading semiconductor manufacturers like Infineon, NXP Semiconductors, onsemi, and Qualcomm. Furthermore, Stellantis is partnering with autonomous vehicle tech firm aiMotive and SiliconAuto, both subsidiaries of the automotive giant, to develop its own “differentiating…

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Gender quotas in the boardroom are good for everyone — here’s why

Jul18
by on July 18, 2023 at 8:39 am
Posted In: Future of Work


After decades of admirable, if slow, progress toward gender balance in its boardrooms, Norway has taken a giant leap. Last month, the pioneering Nordic state mandated that 40% of seats on the boards of all large and medium-sized companies should go to women within five years. This makes Norway the first country in the world to take such a monumental measure and it means that by next year, 8,000 companies should have hit the target quota, expanding to around 20,000 firms with more than 30 staff by 2028. It’s a step that goes even further than anything the EU—of which…

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Early-stage European SaaS startups set for funding rebound, report finds

Jul16
by on July 16, 2023 at 11:30 pm
Posted In: Uncategorized


In the second half of the year, early-stage European SaaS companies will see a significant funding increase across Series A and seed rounds. That’s according to the aVC index, a new monitoring tool developed by London-based AlbionVC and Google Cloud. The aVC index is based on an anonymous survey of 40 investors, who are actively deploying capital into the European ecosystem at seed, Series A, and Series B stages. The respondents expect to invest £2.4bn (€2.8bn) early-stage SaaS startups by the end of the year. The projected recovery follows stagnant investment activity in Q2 2023. Specifically, 25% of VCs chose…

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New deal on EU-US data flows sparks privacy fears and business uncertainty

Jul14
by on July 14, 2023 at 4:51 pm
Posted In: Uncategorized


A new deal on data transfers between the EU and US has alarmed businesses and privacy campaigners. The pact, known as the EU-US Data Privacy Framework, was announced on Monday by the European Commission. The EU’s executive body concluded that the US offered an “adequate level of protection” for data transfers under the new arrangements. The framework replaces the Privacy Shield, which the EU’s top court had struck down in July 2020 over concerns that the US didn’t provide sufficient protection against government surveillance.  As a result, companies were forced to move data by using a mechanism called Standard Contractual…

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UK extends deadline for Microsoft-Activision $69B merger

Jul14
by on July 14, 2023 at 11:49 am
Posted In: Uncategorized


The UK’s Competition and Market Authority (CMA) is extending the deadline for its review of the Microsoft-Activion $69bn merger, in the latest twist of a complex regulatory saga. The cut off date has been moved from July 18 to August 29. “The Inquiry Group has decided to extend [the period] by six weeks… as it considers that there are special reasons to do so,” the watchdog announced on Friday. In April, the CMA had initially blocked the takeover, concluding that the purchase would give Microsoft an unfair edge in the country’s nascent cloud gaming market. In May, the US tech…

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